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PRESTIGE
🏗️ Q2 FY25 Performance Highlights
- Sales Bookings: ₹6,017 crore, up 50% YoY, driven by strong housing demand.
- Collections: ₹4,212 crore, a 55% YoY increase.
- Sales Volume: 4.42 million sq ft, up 47% YoY, with 2,069 units sold.
- Average Realizations:
- Apartments: ₹14,906/sq ft (+8% YoY)
- Plots: ₹9,510/sq ft (+43% YoY).
- Geographic Mix:
- Bengaluru: 40%
- Mumbai: 22%
- NCR: 18%
- Hyderabad & Chennai: 18% combined.
- New Launches: 3.87 million sq ft with GDV of ₹3,967 crore.
- Retail & Office Segments:
- Office occupancy: 93.4%
- Retail turnover: ₹624 crore, up 9% YoY, with 99% occupancy.
📉 Stock Impact
- Despite stellar numbers, Prestige Estates stock fell 1.54%, closing at ₹1,507.10 on NSE just before the update.
- The muted reaction may reflect:
- Profit booking after a strong run-up.
- GST show cause notice of ₹154 crore to a subsidiary, which may have spooked sentiment.
- Market already priced in strong performance.#WatchOutFor#StockInNews#FundamentalViews#TechnicalViews#EquityResearch
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